MomentumOptions.com Pre-Market Update for 7/28/2021 Volatility Rises on Market Pullback 8:00am (EST) The stock market pulled back on Tuesday as traders remained cautious ahead of key earnings reports after the bell and Wednesday’s Federal Reserve announcement. Ongoing weakness in U.S.-listed Chinese stocks also weighed on sentiment as fears over moreRead more
MomentumOptions.com Pre-Market Update for 7/27/2021 Bulls Show Continued Momentum 8:00am (EST) The stock market was slightly choppy on Monday after trading in a tight range while setting another round of fresh all-time highs. The hesitancy came as Wall Street prepares for a slew of second-quarter earnings and another update fromRead more
MomentumOptions.com Pre-Market Update for 7/26/2021 Bulls Push Fresh all-Time Highs 8:00am (EST) Wall Street showed continued momentum on Friday to extend its winning streak to four-straight sessions while hitting another round of fresh all-time highs. The gains easily gave the bulls the weekly win following last Monday’s mini selloff andRead more
MomentumOptions.com Pre-Market Update for 7/23/2021 Bulls Stay Strong Despite Sluggish Session 8:00am (EST) The stock market traded in a tighter range on Thursday and on both sides of the ledger before going out mostly higher. The small-caps slacked following two-straight day days of gains for the major indexes as tradersRead more
MomentumOptions.com Pre-Market Update for 7/22/2021 Prior Resistance Levels in Focus 8:00am (EST) The stock market showed continued strength on Wednesday following upbeat earnings from two blue-chips companies along with a rise in yields. Specifically the 10-year Treasury yield rose to nearly 1.3% after tapping a five-month low on Monday whileRead more
MomentumOptions.com Pre-Market Update for 7/21/2021 Volatility Closes Back Below 20 8:00am (EST) The stock market rebounded on Tuesday following upbeat earnings news and revived economic optimism. Specifically, second-quarter numbers have topped forecasts with over 90% of the 56 companies on the S&P 500 reporting better-than-expected results thus far. All 11Read more
MomentumOptions.com Pre-Market Update for 7/20/2021 Volatility Returns on Market Pullback 8:00am (EST) Wall Street had a nasty session on Monday as rising concerns over the resurgence of coronavirus infections among the unvaccinated weighed on sentiment. The major indexes suffered their worst declines since May and ahead of a heavy weekRead more
MomentumOptions.com Pre-Market Update for 7/19/2021 Selling Pressure Accelerates Into Closing Bell/ Profit Alert (JNPR) 8:00am (EST) The stock market showed continued weakness on Friday despite an unexpected increase in retail sales which rebounded 0.6% last month. Energy was the weakest sector after giving back 2.8% and 7.9% for the week.Read more
MomentumOptions.com Pre-Market Update for 7/16/2021 Key Support Levels in Play 8:00am (EST) The stock market reversed course on Thursday to close mostly lower following ongoing comments from Fed Chairman who once again stated he anticipated the shortages and high inflation would abate. It wasn’t enough to sooth Wall Street asRead more
MomentumOptions.com Pre-Market Update for 7/15/2021 Fed Talks Inflation 8:00am (EST) The stock market was choppy on Wednesday before closing mixed following comments from Fed Chairman Powell. He stated the central bank can wait before it starts to ease its bond purchases despite surging inflation readings. The Fed chair said heRead more
